BusinessBusiness RecoveryKPMG to investigate fraud at Peter Walker

KPMG to investigate fraud at Peter Walker

Receivers to investigate creditors’ allegations

Blair Nimmo, head of corporate recovery at KPMG in Scotland said the firm
would investigate allegations of fraud at collapsed construction company, Peter
Walker.

Almost 350 jobs were lost when the company went bust.

Nimmo, said some creditors had made allegations against the company’s
activities, which he said were being looked into.

‘We have had people suggest matters, and in the normal course of that we will
investigate any matters that come to light,’ he said.

However he said it was ‘certainly not unusual’ for unfounded allegations to
surface in large insolvency cases.

Peter Walker ceased to trade in April when directors asked the Bank of
Scotland to call in receivers.

Nimmo said it was too early to estimate the extent of the group’s debt, or
how much KPMG expects it would recover from the company.

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